
Industries
Trade Credit Insurance
Trade credit insurance insures manufacturers, traders and providers of services against the risk that their buyer does not pay (after bankruptcy or insolvency) or pays very late.
The trade credit insurance policy will pay out a percentage of the outstanding debt. This percentage usually ranges from 75% to 95% of the invoice amount, but may be higher or lower depending on the type of cover that was purchased.
In the absence of trade credit insurance many trade transactions would have to be done on a pre-paid or cash basis, or not at all. It is an essential credit management tool and used to control risks, improve payment behaviour, obtain vital buyer information, and monitor exposures.
Where is TCI available?
Here is an overview of countries where ICISA’s trade credit insurance and surety members offer their products. Click on each picture to see it on better resolution.
Glossary of TCI terms
Trade credit insurance protects businesses against the risk that customers’ are unable to pay for products or services. This can be because of bankruptcy, insolvency, or political upheaval abroad.
FAQ
Below you will find frequently asked questions on TCI related topics. If you have any additional questions please feel free to contact secretariat@icisa.org.
Any questions on the topic?
If you want to know more about this topic, feel free to contact us.
You can freely download our logo kit and the ICISA brand guidelines.